Energizer Holdings Inc. (ENR) traded on unusually high volume on Jul. 26, as the stock gained 2.15% to close at $65.06. On the day, Energizer Holdings Inc. saw 892,348 shares trade hands on 7,116 trades. Considering that the stock averages only a daily volume of 569,664 shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.
The stock has traded between $64.93 and $40.64 over the last 52-weeks, its 50-day SMA is now $61.14, and its 200-day SMA $53.51. Energizer Holdings Inc. has a P/B ratio of 86.75. It also has a P/E ratio of 30.9.
Energizer Holdings Inc is a manufacturer, marketer, and distributor of household batteries, specialty batteries and lighting products. It offers batteries using many technologies including lithium, alkaline, carbon zinc, and silver oxide.
Headquartered in Saint Louis, MO, Energizer Holdings Inc. has 4,400 employees and is currently under the leadership of CEO .